Application Platform News
Our latest news and commentary on applications, covering closed development platforms, SaaS vendors and related online services.
Digital ad platform Outbrain valued at more than $1 billion in Nasdaq debut
Shares of Outbrain Inc opened flat in their Nasdaq debut last week, giving the web recommendation platform a market capitalization of nearly $1.1 billion.
EU lawmaker gets backing for tougher EU tech rules
A key EU lawmaker at the European Parliament steering the debate on tough new rules aimed at Facebook, Google and other large online platforms, secured backing to beef up Europeans...
After US push, EU pauses tax plan, but Ireland sticks to its guns
The European Union has agreed to delay a corporate tax plan for the bloc following pressure from the Biden-Harris administration and in a bid to facilitate a broader global tax dea...
Industry group warns law changes may force tech firms to quit Hong Kong
An Asian industry group that includes Google, Facebook and Twitter has warned that tech companies could stop offering their services in Hong Kong if the Chinese territory proceeds ...
Big Tech wins two battles in fight with US antitrust enforcers
Facebook Inc won two big fights with antitrust enforcers – and joined the $1 trillion club for market capitalization – as a federal judge threw out two lawsuits against...
Language-learning app Duolingo files for US IPO, reveals revenue surge
Language-learning app Duolingo Inc has filed for a US initial public offering and revealed that its revenue more than doubled in the first quarter this year.
Dingdong valued at $6.6 billion as shares rise 19% in NYSE debut
Shares of Dingdong, backed by SoftBank Vision Fund II, opened 19% above their offer price in their debut on the New York Stock Exchange, giving the Chinese grocery app a valuation ...
French court sets date in Apple case over App Store developer contracts
A French court has set on the 17th of September as the date for hearing a case brought by the finance ministry against Apple over allegedly abusive contractual terms imposed by the...
Software start-up Sprinklr shares fall in NYSE debut, valued at $3.7 billion
Shares of Sprinklr Inc, which counts Microsoft and Verizon Communications as customers, fell nearly 9% in their US stock market debut, valuing the software start-up at about $3.7 b...
Google’s adtech business set to face formal EU probe by year-end
Google could face its biggest regulatory threat, with EU antitrust regulators set to open a formal investigation into its lucrative digital advertising business before the end of t...
Facebook’s ‘Neighborhoods’ faces crowded niche market, profiling concerns
When Facebook began testing its new “Neighborhoods” feature in Canada last October amid the COVID-19 pandemic, the tech giant described it as a dedicated place for peop...
Chinese apps could face subpoenas or bans under Biden order
US President Biden’s executive order aimed at safeguarding Americans’ sensitive data would force some Chinese apps to take tougher measures to protect private informati...
Macron bemoans nonsense innovation, takes aim at Chinese and US tech bonanza
French President Macron has called out what he described as excesses of liquidity in the US and Chinese financial markets, some of which he said could instead foster the growth of ...
Software start-up Sprinklr targets $5 billion valuation in US IPO
Software start-up Sprinklr has said it was looking to raise as much as $380 million through a US initial public offering, targeting a valuation of about $5 billion.